SEI Solar to raise $34 million from IFC

Chennai-based SEI Solar Power Pvt Ltd will raise around $34.3 million from the International Finance Corporation (IFC) to support its proposed greenfield solar farm project in Rajasthan.

SEI Solar is a JV between Singapore-based SunEdison Energy and Astronergy Solar Korea Co Ltd. The fund will it develop, construct, own and operate a 24-Mwp greenfield solar PV power plant at Ugaras village in Jodhpur district.